The U.S. federal government's shut down continued after the Senate once again failed to reach an agreement on the spending bill.
A Bill proposed by the Democrats to extend the government's funding in health care sector failed on Monday with 45 Senators voting for, and 50 voting against it.The Republicans then introduced another Bill, pushing to pass government funding without agreeing to include the Democrats' demands. It received the support of only 52 lawmakers, and opposed by 42.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.